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← SMALL BUSINESS EXPORT FINANCE ASSISTANCE CENTER OF WASHINGTON

Form 990 for tax year 2023

Filed by SMALL BUSINESS EXPORT FINANCE ASSISTANCE CENTER OF WASHINGTON.

Totals

Total revenue
$839,288
Total expenses
$851,250
Contributions and grants received
$73,792
Grants paid
$0
Program service revenue
$765,492
Investment income
$4
Other revenue
$0
Total assets, end of year
$292,857
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$292,857
Program services expenses (Part IX)
$804,043
Management and general expenses
$47,207
Fundraising expenses
$0
Program service expenses (Part III)
$804,043

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $73,792

  • 2a · Program service revenue: TRADE SHOW INCOME

    total $635,592 · related or exempt $635,592

  • 2b · Program service revenue: CONTRACT PAYMENT

    total $115,500 · related or exempt $115,500

  • 2c · Program service revenue: OTHER INCOME

    total $14,400 · related or exempt $14,400

  • 3 · Investment income

    total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $98,488 · program services $98,488

  • 9 · Other employee benefits

    total $19,563 · program services $19,563

  • 10 · Payroll taxes

    total $7,696 · program services $7,696

  • 11c · Fees: accounting

    total $10,035 · management and general $10,035

  • 11g · Fees: other

    total $3,590 · management and general $3,590

  • 13 · Office expenses

    total $79 · management and general $79

  • 14 · Information technology

    total $17,915 · management and general $17,915

  • 16 · Occupancy

    total $13,497 · program services $13,497

  • 17 · Travel

    total $583 · management and general $583

  • 19 · Conferences, conventions and meetings

    total $529 · management and general $529

  • 23 · Insurance

    total $7,340 · management and general $7,340

  • 24a · Other expenses: TRADE SHOW EXPENSES

    total $634,548 · program services $634,548

  • 24b · Other expenses: STEP GRANT EXPENSE

    total $30,251 · program services $30,251

  • 24c · Other expenses: TAX & LICENSE

    total $4,023 · management and general $4,023

  • 24d · Other expenses: TELEPHONE

    total $2,654 · management and general $2,654

  • 24e · All other expenses

    total $459 · management and general $459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,570 · end of year $174,604

  • 2 · Savings and temporary cash investments

    beginning of year $118,249 · end of year $118,253

  • 27 · Net assets without donor restrictions

    beginning of year $304,819 · end of year $292,857

Mission and programs · 2023

Mission

PROVIDE EXPORT FINANCE COUNSELING ASSISTANCE TO SMALL AND MID-SIZED WASHINGTON STATE EXPORTERS AND PROSPECTIVE EXPORTERS.

Activities or mission (Part I)

PROVIDE EXPORT FINANCE COUNSELING ASSISTANCE TO SMALL AND MID-SIZED WASHINGTON STATE EXPORTERS AND PROSPECTIVE EXPORTERS

  • PROVIDE ONGOING CONSULTING SERVICES ON EVERY ASPECT OF EXPORT FINANCE FOR WASHINGTON STATE EXPORTERS, INCLUDING HELPING TO QUALIFY FOREIGN BUYERS AND HELPING TO NEGOTIATE CONTRACTS WITH BUYERS.

    Expenses $139,244 · Revenue $129,900

  • CONDUCT EXPORT FINANCE SEMINARS SINGLY AND IN PARTNERSHIP WITH FEDERAL, STATE AND LOCAL INTERNATIONAL TRADE DEVELOPMENT ORGANIZATIONS AND FINANCIAL INSTITUTIONS, INCLUDING THE EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAMS, THE MEDIUM-TERM GUARANTEE PROGRAM AND EXPORT CREDIT INSURANCE.

    Expenses $30,251 · Revenue $76,792

  • MANAGE INTERNATIONAL TRADE SHOW ACTIVITY ON BEHALF OF WASHINGTON STATE DEPARTMENT OF COMMERCE.

    Expenses $634,548 · Revenue $635,592

As filed on the 2023 return.

Listed in Part VII

  • Tim Rasmussen

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Christie Skoorsmith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Pearson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isabelle Dewulf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veronia Hand

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Timmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541339349304394

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